A new high-rise is being proposed for a parcel adjacent to the Kennedy Expressway in River West, according to Alderman Brendan Reilly.
A venture led by a California investor named Gray Cardiff would like to construct a 38-story, 373-unit building east of Hubbard's Cave where Halsted St. crosses the expressway.
The building would include 158 parking spaces and would be just south of the K2 apartments that were developed by Fifield Companies a couple of years ago. The plans will be formally unveiled at a community meeting next week, and it's not yet clear if the building would be rentals or condos.
For more, head over to Crain's here.
Home sales in the Chicago Metro area rose modestly in September according to the regular seasonal cycle as summer gives way to fall.
The Illinois Association of Realtors reported that sales in the nine-county area rose 5.3 percent year- over-year in September, though they were down 11.5 percent from the previous month.
Median prices continue to rise, however, up 6.4 percent from the previous year to $205,570.
For more, head over to Chicago Agent Magazine here.
Chicago is among the top cities for Trick-or-Treating. According to Zillow the city ranks sixth in the nation with other top cities including Denver, Seattle, Minneapolis, San Francisco, Charlotte and Dallas.
But even within the city, a few neighborhoods stand out. The best in Chicago, per the report, are:
1. Ravenswood Manor
2. Roscoe Village
3. Sheffield Neighbors
4. Sauganash
5. North Mayfair
For more, head over to Chicago Agent Magazine here.
A new rental and retail development will soon be coming to Division Street in Wicker Park.
The six-story building, from Centrum Partners, received its permit last week and could start construction at any time. It will bring 60 new rental apartments and group floor retail to the already booming area.
For more on the project including renderings, head over Curbed Chicago here.
The developers behind the Vista Tower, a new Jeanne Gang-designed residential building being proposed for the New Eastside, have set the skyscraper at 93-stories tall (1,144 feet) making it among the tallest in the city.
A second public presentation on the tower will be held on Oct. 26 by Magellan Development Group and China's Wanda Group at the second-floor ballroom of the Fairmont Chicago Hotel, 200 N. Columbus Dr.
For more, head over to Crain's here.